161 Lumber StRaefordNC28376
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Raeford at 161 Lumber St, Raeford, NC, 28376 generates $1,975/mo in rent and, after a $1,360/mo payment, leaves $268/mo in cash flow. Total monthly income is $1,975/mo, and annual cash flow is $3,218/yr on $92,124 invested. Return on cash invested sits at 23.4% in year one, and rental yield is 8.53% on a $277,900 entry. Equity gained on principal adds $1,793/yr, while 5% annual appreciation builds toward $76,779 over five years. Five-year ROI reaches 121.56% and total cumulative return in cash sums $111,981. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,975/mo property income rather than buyer’s personal income.
Single Family
Built in 2013
N/A lot
$N/A/sqft
$160 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28376, Raeford, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,272 (100%) |
| Owner Occupied HU | 11,666 (63.8%) |
| Renter Occupied HU | 5,298 (29.0%) |
| Vacant Housing Units | 1,308 ( 7.2%) |
| Median Home Value | $233,259 |
| Average Home Value | $252,718 |
Housing Distribution
Address Breakdown
Residential
17,977
Single Family
16,594
Multi-Family
1,383
Businesses
888
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Listed by: FRANK ARROLIGA • EXP REALTY LLC
Mls Name: LPRMLS
Mls Provider:
Mls ID: #740605
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.